GasLog Ltd (NYSE:GLOG) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.73.
Several research analysts have recently weighed in on GLOG shares. Zacks Investment Research upgraded shares of GasLog from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Jefferies Group started coverage on shares of GasLog in a research note on Monday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $19.00 price target on shares of GasLog in a research note on Friday, November 3rd. Finally, Morgan Stanley cut shares of GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price target on the stock. in a research note on Monday. They noted that the move was a valuation call.
Several institutional investors have recently modified their holdings of GLOG. Bank of New York Mellon Corp lifted its stake in shares of GasLog by 444.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock valued at $13,487,000 after buying an additional 630,846 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of GasLog by 53.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,670,536 shares of the shipping company’s stock valued at $29,151,000 after buying an additional 581,386 shares in the last quarter. Royce & Associates LP purchased a new position in shares of GasLog during the 4th quarter valued at $8,121,000. Wells Fargo & Company MN lifted its stake in shares of GasLog by 124.6% during the 4th quarter. Wells Fargo & Company MN now owns 468,635 shares of the shipping company’s stock valued at $10,427,000 after buying an additional 259,953 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of GasLog by 61.2% during the 4th quarter. Renaissance Technologies LLC now owns 589,900 shares of the shipping company’s stock valued at $13,125,000 after buying an additional 223,900 shares in the last quarter. Institutional investors and hedge funds own 48.11% of the company’s stock.
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GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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